20.5 The following are the summaries of the financial statements of Aster Ltd for the past two...

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20.5 The following are the summaries of the financial statements of Aster Ltd for the past two years.

Balance sheets 31.

.12.X6 31 A2.X7

£000

£000

£000

£000 Fixed assets Land and buildings Plant and machinery 600 500 650 508 Less: Depreciation 198 402 258 392 902 900 Current assets Stock 200 275 Debtors 150 179 Bank 50 241 400 695 Current liabilities Creditors 380 400 Proposed dividend 10 10 30 265 912 1,165 Long-term liabilities Debentures 200 250 Long-term loan 50 250 -
250 662 915 Profit and loss account for the year ended 31.12.X7 £000 Profit before interest 103 Debenture interest 20 Net profit 83 Proposed dividend 30 Retained profit 53 During the year, machinery costing £150,000 was purchased and disposals were made at net book value. Depreciation of £78,000 was provided during the year.
Required:
Prepare a cash flow statement for Aster Ltd for the year ended 31.12.X7.

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Principles Of Financial Accounting

ISBN: 9780273676300

3rd Edition

Authors: Ian Gillespie, Richard Lewis, Kay Hamilton

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